** AgResource Daily Cattle Analysis: Cattle futures closed lower on Monday, and a steady/weaker outlook is expected for early trade this morning. As expected, the cattle markets were down at Monday’s open and remained under pressure following the CoF data amid weak technical conditions. Steady/weaker trade is expected this AM with December’s downside target at…
** 6:30 AM CDT CBOT Prices: January soybeans are down 2.00 cents at $9.88, Dec corn is down 1.00 cent at $3.44, while Dec Chi wheat is unchanged at $4.2225. ** AgResource AM Grain & Oilseed Comment: Good Morning! Mixed to mostly lower has been the overnight CBOT trade with the summer row crops under…
Argentina Trends Wetter in Extended Period: The EU and GFS ensemble models are in general agreement that better rain chances will develop in Central Argentina in December, though until this shift gets pulled into the 10-day forecast confidence in its arrival is low. However, if realized, Argentine precip will be a closer to normal, and…
Unlike corn, managed funds’ net wheat position is not record large, and with global cash markets still inching lower, there was no spark today to drive any meaningful short covering. The Australian forecast, while still wet through early Dec, no longer includes any risk of widespread flooding, and for now the market’s chore is to…
Open interest on Friday fell from a multi-year high as the spec community begins to pare down its record net short position. Recent price actions confirms the market is stuck within its long-established trading range, and until South American crops enter reproductive stages, there will be little available to drive March futures outside of $3.50-3.65.…
Contact
submission
You have successfully added an item to your cart! You may view the contents of your cart and proceed with checkout, or continue shopping.
Multiuser
subscription
How many users would you like to add?
